AdvisorNet Financial Inc cut its holdings in BHP Group Limited (NYSE:BHP – Get Rating) by 20.2% during the 2nd quarter, Holdings Channel reports. The firm owned 1,174 shares of the mining company’s stock after selling 298 shares during the period. AdvisorNet Financial Inc’s holdings in BHP Group were worth $66,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Covestor Ltd acquired a new stake in shares of BHP Group in the first quarter valued at approximately $26,000. Holloway Wealth Management LLC purchased a new position in shares of BHP Group during the first quarter valued at approximately $29,000. Addison Advisors LLC lifted its stake in shares of BHP Group by 609.3% during the first quarter. Addison Advisors LLC now owns 383 shares of the mining company’s stock valued at $30,000 after buying an additional 329 shares during the period. Curi Wealth Management LLC purchased a new position in shares of BHP Group during the first quarter valued at approximately $30,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of BHP Group during the first quarter valued at approximately $36,000. 6.53% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. Jefferies Financial Group raised shares of BHP Group to a “buy” rating and set a $82.00 price objective on the stock in a research note on Friday, June 24th. The Goldman Sachs Group downgraded shares of BHP Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 13th. JPMorgan Chase & Co. increased their price target on shares of BHP Group from GBX 2,440 ($29.48) to GBX 2,490 ($30.09) in a research note on Wednesday, August 17th. Deutsche Bank Aktiengesellschaft cut their price target on shares of BHP Group from GBX 2,250 ($27.19) to GBX 2,200 ($26.58) in a research note on Wednesday, June 29th. Finally, Credit Suisse Group increased their price target on shares of BHP Group from GBX 2,200 ($26.58) to GBX 2,300 ($27.79) in a research note on Wednesday, August 17th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $1,941.38.
BHP Group Stock Performance
BHP Group Increases Dividend
The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, September 22nd. Stockholders of record on Friday, September 2nd were given a $3.50 dividend. The ex-dividend date of this dividend was Thursday, September 1st. This represents a dividend yield of 11.3%. This is a positive change from BHP Group’s previous semi-annual dividend of $3.00.
BHP Group Company Profile
BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.
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